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Dec 30, 2012
12/12
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president obama is stepping up public pressure on republicans to got a fiscal cliff deal done. he'll appear on "meet the press" sunday as senate convenes to work on a possible deal with a possible vote monday. >>> an airliner off the runway at airport in russia, there were eight crew members aboard and no passengers. there was light snow at the time of the crash. >>> more news later. back to "lockup." >>> due to mature subject matter, viewer discretion is advised. >>> during our stay at the penitentiary of new mexico, our producer conducted an interview with a serial rapist, who would soon be completing his prison term and returning to society. the inmate agreed to the interview on the condition of anonymity. what he had to say is disturbing, but provides a rare insight into the mind of a serial rapist. >> after performing the rapes, the physical rapes, i would literally scare these women to death. what i would do is go into a victim's purse, i would find address books, i would take their driver's license out of their purse. and i would say, okay, now i know where you live. i k
president obama is stepping up public pressure on republicans to got a fiscal cliff deal done. he'll appear on "meet the press" sunday as senate convenes to work on a possible deal with a possible vote monday. >>> an airliner off the runway at airport in russia, there were eight crew members aboard and no passengers. there was light snow at the time of the crash. >>> more news later. back to "lockup." >>> due to mature subject matter, viewer...
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Dec 30, 2012
12/12
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FBC
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even if there's a big headline in the washington post, it's fiscal cliff resolved and nothing got done, people would feel better about thin. >> toby, speak to that point. youon'think so, huh? >> was that the pablem strategy, gary? >> that's what we're going to get anyway. >> six months ago we passed on the horrible sequestration things so congress can have time and solve this, where did it get us? nowhere. and there's a reason people don't trust this congress, they haven't earned one eye o iota. >> and got their vacations. let's talk the economy. the economy is right on that precipice. if we were to just take a shot into, you know, the back side here, you know, our consumer confidence has been dropping week by week and we'll get right back into slow growth and tn we'll freak o and do something more stupid. you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick t can an entire year with all of these things and pushed the whole thing the next holiday season and holiday sales like this year, i think the market would go up,
even if there's a big headline in the washington post, it's fiscal cliff resolved and nothing got done, people would feel better about thin. >> toby, speak to that point. youon'think so, huh? >> was that the pablem strategy, gary? >> that's what we're going to get anyway. >> six months ago we passed on the horrible sequestration things so congress can have time and solve this, where did it get us? nowhere. and there's a reason people don't trust this congress, they...
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Dec 31, 2012
12/12
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WGN
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. >> appears that a deal is in sight on the fiscal cliff. a deal is not done yet. we may have to solve this problem in several stocks. including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate as you can see on the radar. if you're heading south be aware of that. we may get a flurry but a lot of this hanging up in the clouds over the city. it will be moving out of here tonight. we get into some serious cold there. this low pressure a streaking along fast. high pressure comes in and brings the sun back tomorrow. look at the temperatures and how cold it is out west of us. we've got 310 days without a subfreezing reading. the hundred and 10 days310 days is just not happened before. tomorrow it happens, we go into subfreezing daytime high territory. we bring to an end, a record. live records going b
. >> appears that a deal is in sight on the fiscal cliff. a deal is not done yet. we may have to solve this problem in several stocks. including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate as you can see on...
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Dec 30, 2012
12/12
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CSPAN
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messer, to bring it back to the current fiscal cliff talks -- during the campaign, you said that raising taxes is not a good way to help the u.s. economy. do you have an across the board opposition to raising taxes? >> i do believe that the worst thing to do any weak economy is to try to raise taxes. it is like pouring gasoline on fire. it is important to remember as a look at this debate, if the president gets all of his tax increases he is asking for, it $80 billion to the government. that is enough money to run the government for eight to 16 days. it will raise our deficit to somewhere around $1 trillion. i think we have to get aggressive about spending. we're going to have to look added title months if we're going to start to solve these problems. -- entitlements if we're going to start to solve these problems. i think the approach he has taken is one that is setting this process up for failure. the proof is the results of negotiations we have seen over the last couple weeks. >> would you have voted for plan b? >> as someone who has been out here in indiana, i do not know all the det
messer, to bring it back to the current fiscal cliff talks -- during the campaign, you said that raising taxes is not a good way to help the u.s. economy. do you have an across the board opposition to raising taxes? >> i do believe that the worst thing to do any weak economy is to try to raise taxes. it is like pouring gasoline on fire. it is important to remember as a look at this debate, if the president gets all of his tax increases he is asking for, it $80 billion to the government....
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Dec 27, 2012
12/12
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WMAR
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cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation. >> willis likes that a lot more. >> i womdzer if there's enough room. >> if you're looking for love, you better have a good credit score. take a look at this. ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores is huge and that could be at the top of the list. they interviewed people across the u.s., and a newspaper discovered a low credit score is a deal breaker in search of love. so if you don't have your act together, take care of that and maybe you'll find love. >> can you imagine, hi, how are you? what is your credit score? >> 420. no, mine is a lot higher. >> we want to show you this next footage. anyone who has ever had their parking lot stolen is going to love this. this is in russia. we don't know why this is being towed. i've got to get me one of these, because i would just l
cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation. >> willis likes that a lot more. >> i womdzer if there's enough room. >> if you're looking for love, you better have a good credit score. take a look at this. ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores is huge and that could be...
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Dec 30, 2012
12/12
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part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...
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Jan 1, 2013
01/13
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WJLA
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we crossed the river into virginia and the fact that the fiscal cliff deal is still not done comes to no surprise from everyone you're about to hear from. we traveled to the north side social in arlington with one goal. we asked people for one word to describe congress. >> one word -- >> you guessed it, nonare flattering. >> dysfunctional. >> stubborn. >> silly. >> watching the 112th congress bicker its way through negotiationings leaves people lime tom disappointed. >> i'm adisappointed. >> people like katherine apathetic. >> it seems like a cycle of nonsense. >> it has gotten worse. >> he's right. this congress will go down as the least productive on record. the bottom line is that members are not putting country first. >> now it is so bipartisan and they are used to beating the other guy. >> which brings us to the next congress and the next fight acoss cross the board spending cuts and the fiscal cliff negotiations delayed for two months. the idea that battle will be different than this one seems -- >> i would like it to. >> laughable. she makes a point that a lot of people make du
we crossed the river into virginia and the fact that the fiscal cliff deal is still not done comes to no surprise from everyone you're about to hear from. we traveled to the north side social in arlington with one goal. we asked people for one word to describe congress. >> one word -- >> you guessed it, nonare flattering. >> dysfunctional. >> stubborn. >> silly. >> watching the 112th congress bicker its way through negotiationings leaves people lime tom...
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Dec 31, 2012
12/12
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CNBC
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remember this, if you haven't been following the fiscal cliff, take note. even if a deal gets done, taxes go up for many high income and likely big spending families. there is an economic impact either way. it is just perhaps the veseveri under question. >> when we talk about is the marginal propensity to consume. what does that mean? for every dollar that you either have or don't have, how much of that will you spend or not spend? the thinking is as we raise taxes on wealthier people, that margin propensity goes down. in other words, they don't spend every dollar they have, they save a bit of it, because they have more of it. the economic point of view is to get rid the tax hikes on middle class. it goes down the the higher up you go it goes down further. you are right to say that in general, economists in 2013, brian, are looking for fiscal contraction. the federal government will be a drag on growth. no matter what happens, taxes go up on some folks then spending cuts in the budget control act and so far as you notice, brian, they haven't said anything a
remember this, if you haven't been following the fiscal cliff, take note. even if a deal gets done, taxes go up for many high income and likely big spending families. there is an economic impact either way. it is just perhaps the veseveri under question. >> when we talk about is the marginal propensity to consume. what does that mean? for every dollar that you either have or don't have, how much of that will you spend or not spend? the thinking is as we raise taxes on wealthier people,...
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Dec 29, 2012
12/12
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WTTG
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cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >>
cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks...
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Dec 31, 2012
12/12
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CSPAN2
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that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half families. if the middle-class tax cuts are allowed to expire on january 1, a median-income connecticut family -- now, i know this -- the median in connecticut is higher than it is in most other states, but this number's true for any family making this amount of money, it makes an important point. a family of four earning $86,000 a year happens to be the immediatmedianfamily income in , but that family, which i think would be considered median just about everywhere, middle income just about everywhere, would see its federal income taxes rise by $2,200. that's a lot of money
that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half...
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Dec 27, 2012
12/12
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FBC
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cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the table, allegedly the table, allegedly said you get nothing for free. >> there were a couple of eye-opening quotes. went through the timeline of how went through the timeline of how boehner and the president and that was an big one. boehner print revenues on the table andd the president saying that is what i get out of the gate, you get nothing for that, kind of a bit of a surprise. he also said if we go over the t cliff that threat and boehner, i will use my inaugural address to blame you for tax increases and for the fiscal cliff going o overb
cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax...
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Jan 1, 2013
01/13
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WUSA
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. >>> this morning we have technically gone over the fiscal cliff, however, the senate has reach add deal to avoid some of the tax hikes and the automatic spending cuts. >> we're far from having a done deal. if the senate passes on the compromise, it will move to the house where it will likely face more opposition. tara mergener reports from capitol hill. >> reporter: in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here but i think we can say we've done some good for the country. >> reporter: if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle-class families. >> middle-class families will wake up today to the assurances that th
. >>> this morning we have technically gone over the fiscal cliff, however, the senate has reach add deal to avoid some of the tax hikes and the automatic spending cuts. >> we're far from having a done deal. if the senate passes on the compromise, it will move to the house where it will likely face more opposition. tara mergener reports from capitol hill. >> reporter: in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called...
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Dec 24, 2012
12/12
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one is i have come slowly but fiscal cliff, because i think it will actually drive government toward thinking in transformative ways, which really needs to be done. we have wrung all the inefficiencies about government by -- a certain school of management. we need to recognize that it is not going to come from or be driven from the federal level. citizens have more interaction with local government and state federal government. with the federal government are extremely limited. so i think we need to turn some of these things around and focus more on high-value applications. force did a wonderful job -- what do citizens want from the government? where would they want to see applications made available to them? citizens -- to the extent they're satisfied with government at all, they are satisfied more with their e- there are things that we can build on, the trust been one of -- is one of the most critical issues. >> yes, one of the things citizens want is speed. i ordered something the other day online and was at my house in two days. compare that with a federal agency where i was requ
one is i have come slowly but fiscal cliff, because i think it will actually drive government toward thinking in transformative ways, which really needs to be done. we have wrung all the inefficiencies about government by -- a certain school of management. we need to recognize that it is not going to come from or be driven from the federal level. citizens have more interaction with local government and state federal government. with the federal government are extremely limited. so i think we...
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Jan 1, 2013
01/13
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KPIX
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after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the grounds of the nation's capital. he is in there right now briefing members of the democratic caucus about the details and here are some of those details. the sequester which is supposed to take place tonight the automatic spending cuts have been put off for two months to give democrats and republicans, the white house and congressional leaders time to work out a longer deal. but right now, they have one that will at least avoid the nation and the economy going off that so-called "fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge
after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the...
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Dec 24, 2012
12/12
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FBC
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if the fiscal cliff, if we go off of it, i think we will see crude oil prices come down substantially. my thought is though if we don't do that, if we have a short-term fix, that you will see a lot of hot money come back into the market and park itself in commodities and oil is always a favorite. so if you're rooting for the fiscal cliff, you might be rooting for lower gas prices, but you're probably rooting for lower unemployment, you know, lower income and a lot of other things as well. dagen: tom, if you're rooting for the giants, i know it was a rough day, but if it makes you feel any better, if you're a jets fan, they're a whole lot worse. >> they do. it is time to adopt a team. i think i'm going to go with the packers this year. dagen: i have always stayed sort of loyal to the redskins. they are having a good year so i don't have to be ashamed. i can just pull out my redskins sweatshirt instead of wearing my jets sweatshirt. >> as long as the cowboys lose, all is right with the world. dagen: amen brother. thank you tom. >> take care, merry christmas. >> thanks a lot tom. dennis:
if the fiscal cliff, if we go off of it, i think we will see crude oil prices come down substantially. my thought is though if we don't do that, if we have a short-term fix, that you will see a lot of hot money come back into the market and park itself in commodities and oil is always a favorite. so if you're rooting for the fiscal cliff, you might be rooting for lower gas prices, but you're probably rooting for lower unemployment, you know, lower income and a lot of other things as well....
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Dec 31, 2012
12/12
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CNNW
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if this fiscal cliff thing is done, i'm going to sleep. however, if it isn't dealt with, your taxes are going to go up. your grocery bill might go up too. the deal that could affect milk prices, next. and a new year's message from washington from one of our viewers. >> my new year's message to washington is this. there are not wealthy enough and corporations to keep you in office. in this light, grow up, govern, and most importantly. support middle class policies. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. belt-friendly. let's fight fat with alli. learn more, lose more at letsfightfat.com. learn more, lose more are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explai
if this fiscal cliff thing is done, i'm going to sleep. however, if it isn't dealt with, your taxes are going to go up. your grocery bill might go up too. the deal that could affect milk prices, next. and a new year's message from washington from one of our viewers. >> my new year's message to washington is this. there are not wealthy enough and corporations to keep you in office. in this light, grow up, govern, and most importantly. support middle class policies. am i on this one? no,...
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Dec 27, 2012
12/12
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FBC
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cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal,t will be unpalatable for everyone. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall reet journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the pre
cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal,t will be unpalatable for everyone. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on...
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Dec 29, 2012
12/12
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CNNW
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cliff. it's a cliff that the lawmakers built. they've set the tuesday deadline, they've known it was coming for more it and a year. but until now they've done little to agree on tax increases on tax cuts until that time. people in this building have none what's coming on tuesday yet they're only returning to get back to work just now. senate came back yesterday. house members, well, they won't be back until sunday. this afternoon house on senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. bypassing house speaker john boehner, who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority on minority leads are harry reid on mitch mcconnell to work out a deal on then present it to the house. he also laid out a scaled down mini deal if they are can't manage it. >> if we don't see an agreement between the two leaders in the senate, i expect a bill
cliff. it's a cliff that the lawmakers built. they've set the tuesday deadline, they've known it was coming for more it and a year. but until now they've done little to agree on tax increases on tax cuts until that time. people in this building have none what's coming on tuesday yet they're only returning to get back to work just now. senate came back yesterday. house members, well, they won't be back until sunday. this afternoon house on senate leaders met with president obama at the white...
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Dec 26, 2012
12/12
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FOXNEWSW
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cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable for everyone. >> there was a interchange before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, th
cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable for everyone. >> there was a interchange before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax...
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Dec 26, 2012
12/12
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FOXNEWSW
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just days left for lawmakers to come up with a way to avoid the fiscal cliff. who is feeling more pressure to get things done, the president, the democrats, congressional republicans?. patti ann: and funeral services are now set for two firefighters killed in an ambush. we're now learning more about why a man intentionally set a fire in order to trap the first-responders. >> the note was important for us to find because at least it provided us with the information leading toward the intent of the shooter essentially to burn undo the neighborhood in which he resided and to kill people. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gregg: all right, new developments on the christmas eve ambush that left two firefighters dead up in state new york. police say they have human remains in the burned out home of the gunman. david lee miller is live in our
just days left for lawmakers to come up with a way to avoid the fiscal cliff. who is feeling more pressure to get things done, the president, the democrats, congressional republicans?. patti ann: and funeral services are now set for two firefighters killed in an ambush. we're now learning more about why a man intentionally set a fire in order to trap the first-responders. >> the note was important for us to find because at least it provided us with the information leading toward the...
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Dec 30, 2012
12/12
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part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking about things that will happen in the next few months in terms of tax increases. it does talk about the payments to medicare providers falling by 27% if nothing is done. josh, i want to get your thoughts on this statement. some of us are hoping for the fiscal cliff. how much of that sentiment are you seeing? guest: i see a lot of it. we hear from people all over the country. we have been talking about reducing deficits and heavy responsible budgets for 20 years. if you go over the cliff and nothing changes, the largest single day of deficit reduction in world history probably beca
part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking...
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Dec 27, 2012
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any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa'
any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d....
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Dec 31, 2012
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senator john mccain told me just a little while ago even if a fiscal cliff deal is done, the battle between the white house and congressional republicans is far from over. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> all right. let's dig a little bit deeper with ryan lizza. he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218. >> exactly. obama and pelosi seem to have a firm grasp on the house democra
senator john mccain told me just a little while ago even if a fiscal cliff deal is done, the battle between the white house and congressional republicans is far from over. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> all right. let's dig a little bit deeper with ryan lizza. he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from...
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Jan 1, 2013
01/13
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economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american history. so, it took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort. >> so, here's what in that imperfect bill. tax rates will rise for individuals making over $400,000 and couples making more than $450,000. high-end rates for the estate tax and the capital gains tax will rise. all of those elements will be made permanent. in addition, the alternative minimum tax, which is patched every year, will be fixed permanently. several tax credits, including ones for children, college tuition and earned income, will be extended for f
economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american...
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Dec 24, 2012
12/12
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the fiscal cliff -- i believe both sides know what to do. it is going to be painful. either raise taxes or cut spending. both need to be done. our taxes are going to go up. some good programs will be cut automatically on january 1 if they do not come up with an agreement. that was designed by the politicians to deal with the fiscal problems. it reminds me of the old "national lampoon" comfort that if you don't buy this magazine, we will shoot this dog. save us from ourselves or help us save us from ourselves. it didn't work. they have about a week to go. i suspect they will kick the can down the road. a short-term way to get is passed the immediate collapse of what is stalling certain cuts. maybe unemployment benefits, that kind of thing. i think there will give a short- term answer. host: a lot of headlines are about the republicans and their caucus. what about democrats? are they at fault as well? "we do not want medicare to be touched." the democrats see have put their feet down and said, "we will not do anything." the republican party is divided. i have not seen o
the fiscal cliff -- i believe both sides know what to do. it is going to be painful. either raise taxes or cut spending. both need to be done. our taxes are going to go up. some good programs will be cut automatically on january 1 if they do not come up with an agreement. that was designed by the politicians to deal with the fiscal problems. it reminds me of the old "national lampoon" comfort that if you don't buy this magazine, we will shoot this dog. save us from ourselves or help...
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Dec 27, 2012
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people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform and better control of savings of the proposals at this point are not at that level. they're more $2.5 trillion range. we're very anxious to see what the president will put forward in terms of savings and reform. adam: in roughly four days can all of you in washington get this deal done? or is it going to be some kind of a patch with some kind of delay and than we'll deal with the new congress deals with it? >> well, adam i think you're kind of on it there. it would be great if we can get it done. if not let's at least get the framework to set it up and finish it off right away. either way we have to get a deal done before congress gets adjourned or get a deal done in the new congress. there is enough proposals put forward. get the deal we need to get things on track. adam: we should point out i think senator scott brown out of massac
people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform and better control of savings of the proposals at this point are not at that level. they're more $2.5 trillion range. we're very anxious to see what the president will put forward in terms of savings and reform. adam: in roughly four days can all of you in washington get this deal done? or is it going...
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Dec 31, 2012
12/12
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economy will not go over the fiscal cliff. that's one of the top stories this noontime. good afternoon. i'm david stevenson. >>> we begin with developing news at this hour. san jose police are investigating the city's 46th homicide of the year. it happened at an apartment complex on lewis road off monterey highway and janine de la vega joins us from the scene. janine, we understand police may no who may be responsible -- may know who may be responsible. >> reporter: that's right. they have two adult males detained and they are questioning them and treating them as persons of interests. homicide detectives are here at the sulker breeze apartments. all of the activities seem to be centered around a parking garage. just before 9:30 this morning, they received a 911 call that a man with a gun was at the -- on the grounds. when police arrived, they found a manner in a car shot. paramedics tried to revive him. but he died on the scene. after talking to a couple of witnesses they've determined some sort of confrontation occurred with the victim and two other men. >> what happen
economy will not go over the fiscal cliff. that's one of the top stories this noontime. good afternoon. i'm david stevenson. >>> we begin with developing news at this hour. san jose police are investigating the city's 46th homicide of the year. it happened at an apartment complex on lewis road off monterey highway and janine de la vega joins us from the scene. janine, we understand police may no who may be responsible -- may know who may be responsible. >> reporter: that's right....
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Dec 27, 2012
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cliff. look, the last minute, as tom cole said, the deals come together at the last minute. the last minute was really before christmas. as a practical matter, that is how these deals come together each of the last three years of the obama administration, on the budget, on deficit, on tax cuts years ago. they came together before christmas. it's hard to see how this works out at this point, to tell you the truth. there is a conference call at 2:30 among house republicans trying to decide what to do. we expect the leadership to let the rank and file know what their plans are. the speaker is not in washington. we understand he is in ohio of his home state. the president has landed here back at the white house in washington. it's unclear exactly where they go from here. essentially what john boehner is saying, you go first, harry reid. harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every v
cliff. look, the last minute, as tom cole said, the deals come together at the last minute. the last minute was really before christmas. as a practical matter, that is how these deals come together each of the last three years of the obama administration, on the budget, on deficit, on tax cuts years ago. they came together before christmas. it's hard to see how this works out at this point, to tell you the truth. there is a conference call at 2:30 among house republicans trying to decide what...
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Dec 27, 2012
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shibani: we are just four days away before the fiscal cliff deadline, and as many investors scramble to adjust their portfolios, we've got a money manager who says he's got three plays that could yield you 20% no matter what the fiscal cliff resolution ends up being. joining us now is randy warren, warren financial services cio. thanks for joining us. >> nice to be here. thank you. shibani: so right off the top, i would love to know, why is it that etfs you feel can be a little bit more resistant to the waves coming in, the shockwaves coming out of d.c.? >> i think you go for some sectors that aren't necessarily in the crosshairs of what's going on in the house and in the senate right now. so i'm looking at things like the financial sector. it's been beaten down over the last few years. we all know about all the history that's gone on since 2007, 2008, some of the banks failed, some of the big banks failed and also the problems in europe. a lot of the banks had trouble in europe over the last couple of years. they are starting to rebound now. there's an opportunity for improvement in
shibani: we are just four days away before the fiscal cliff deadline, and as many investors scramble to adjust their portfolios, we've got a money manager who says he's got three plays that could yield you 20% no matter what the fiscal cliff resolution ends up being. joining us now is randy warren, warren financial services cio. thanks for joining us. >> nice to be here. thank you. shibani: so right off the top, i would love to know, why is it that etfs you feel can be a little bit more...
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Dec 31, 2012
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number one, they're done with fiscal cliff. >> yeah. >> and also kicking the can down the road. but to your point, that is exactly what's going to happen, and whatever comes out of this deal and whenever the vote happens, this is really barely the start. >> reporter: correct. and i think that folks really need to brace themselves for what's going to be a very contentious next three to four months here on capitol hill. we had an election a few months ago, as you well know, chris. you covered it so much on top of the ball, and a lot of folks thought, okay, that election was going to answer a lot of questions. the president won, he won by 4 million votes. that is sort of the idea where the country is moving. when we do stories, we do those men on the street, and everyone sort of post-election has had this idea of it's time for shared sacrifice. we understand there's going to be some tough decisions made. we're going to have to give. that message has not resonated too much with house republicans specifically here in washington, d.c. they're negotiating very hard until the end becaus
number one, they're done with fiscal cliff. >> yeah. >> and also kicking the can down the road. but to your point, that is exactly what's going to happen, and whatever comes out of this deal and whenever the vote happens, this is really barely the start. >> reporter: correct. and i think that folks really need to brace themselves for what's going to be a very contentious next three to four months here on capitol hill. we had an election a few months ago, as you well know,...
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Dec 27, 2012
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you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very well at the top. we're not addressing fundamental changes in the economy. we're using these old political paradimes and we're stuck. our data sort of showed this. old ideas sort of improve, and -- we've got to think outside of the box. >> thank you, david rohde, for your perspective today. >> thank you. >>> the weather is being blamed for 12 deaths after dumping record snow in arkansas. the heaviest snowfall is expected in northern pennsylvania, upstate new york and new england. thousands of travelers have already been stranded at and i want across the country. >>> time for the your bess entrepren
you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very...
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Jan 1, 2013
01/13
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cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> r if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the altern
cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate...
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Dec 26, 2012
12/12
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that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that politicians here in washington are so dysfunctional, kelly, they can not get the people's business done, i think then you will see a market reaction that, as you describe it, could plunge the country back into recession and it is not just the united states. remember, we're the world leader in terms of so much when it comes to the economy. it could cause worldwide implications. europe already is on the verge of trouble. to have the united states go off the edge would be catastrophic, for the world, for the global economy. kelly: juan, i was talking to a very good friend of mind who lives here in the
that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that...
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Dec 24, 2012
12/12
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cliff will get us to do the really hard work that needs to be done. >> adam, in the recesses of your most con spear tospicon-- con spespir conspiretorial mind, people are going to lose jobs if we cut government spending and nobody wants to lose jobs. on the other hand they all know, by them, in washington there has to be cuts and it's easier for them, it's the conspiracy talking. >> what's wrong with going over the cliff. >> such wonders and-- >> the world is not going to end. >>, but you and i have jobs and some people will lose them. >> some of them. >> it will force coping to make the hard choices we need to make. david: hold on a second though. the one, the only thing that could raise revenue significantly is growth. i think everybody, republicans and democrats, one thing they agree on is that growth. that could increase revenue by hundreds of billions, not just tens of billions, and if everybody gets a tax increase, shibani, will likely go into recession in any we'll have negative growth and that will mean even worse of a deficit. >> if you start to cut spending you're going to
cliff will get us to do the really hard work that needs to be done. >> adam, in the recesses of your most con spear tospicon-- con spespir conspiretorial mind, people are going to lose jobs if we cut government spending and nobody wants to lose jobs. on the other hand they all know, by them, in washington there has to be cuts and it's easier for them, it's the conspiracy talking. >> what's wrong with going over the cliff. >> such wonders and-- >> the world is not going...
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Dec 31, 2012
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lawmakers have been so consumed by the fiscal cliff that it appears little was done to extend the 2010 payroll tax cuts, put in place by president obama two years ago in order to boost the economy. so what does it mean to your wallet? here is how much less you'll bring home if it expires. paychecks shrink $50 a month for those earning $30,000 a year. it shrinks $83 a month for those earning $50,000 a year. and $167 a month for those earning $100,000 a year. now, let's switch to the fiscal cliff. and what that is going to cost you. without a deal, you'll be paying lots more in tachxes. say you're single and working hard, you don't have kids, you earn $80,000 a year. if it does not go into effect, you'll pay an additional $3,000 more than what you already pay in taxes. the middle class families will get hit harder, two kids, both parents work. together you earn $80,000 a year. guess what, if there is no deal, you would owe $6,000 more in taxes next year. with so many variables, the question is how is wall street reacting? the stock market dipped every day last week. question is, what is
lawmakers have been so consumed by the fiscal cliff that it appears little was done to extend the 2010 payroll tax cuts, put in place by president obama two years ago in order to boost the economy. so what does it mean to your wallet? here is how much less you'll bring home if it expires. paychecks shrink $50 a month for those earning $30,000 a year. it shrinks $83 a month for those earning $50,000 a year. and $167 a month for those earning $100,000 a year. now, let's switch to the fiscal...
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Dec 27, 2012
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>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no matter what you say about what happened a year and a half ago, the president was part of that equation, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the onl
>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no...
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Jan 1, 2013
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senate passed a last- minute deal overnight to keep the country from going over that fiscal cliff but this is not a done deal yet. ktvu's kyla campbell is in our washington, d.c. newsroom now breaking down -- this is very complicated exactly where we are right now. >> reporter: the u.s. senate pulled an all-nighter to do its part to avoid automatic income tax hikes and deep government spending cuts but the house has yet to approve the measure. senators barbara boxer and dianne feinstein voted with the majority of the senate to extend the current tax rates for households making less than $450,000 a year and individuals making less than $400,000. but all of us will see less in our paychecks this year. that's because the senate measure did not extend the payroll tax holiday, meaning workers will lose out on another 2% of their pay. the senate move does extend federal unemployment benefits for 2 million americans for one year and it puts a freeze on congressional pay just days after president obama said they should get a raise. but much more is on the line in the coming weeks. the senate
senate passed a last- minute deal overnight to keep the country from going over that fiscal cliff but this is not a done deal yet. ktvu's kyla campbell is in our washington, d.c. newsroom now breaking down -- this is very complicated exactly where we are right now. >> reporter: the u.s. senate pulled an all-nighter to do its part to avoid automatic income tax hikes and deep government spending cuts but the house has yet to approve the measure. senators barbara boxer and dianne feinstein...
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Dec 29, 2012
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. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is talking about armageddon because of the debt ceiling. i would be terrified if i were not in the market putting my toe in this. there will have to be buying opportunity if people panic and sell. >> which market, adam? that can be the story of 2003 and headlines are obviously scary they have a tendency to sell stocks and buy bonds. that is the safe move. i think the reverse will be true in 2013 and stocks will look quite attractive versus bonds. a highly manipulated market government stepped in and tried to hold interest rates low. once inflation starts to show its head, i think bonds, supposedly the safe asse
. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is...
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something has to be done. >> forget the fiscal cliff stuff and forget the debt ceiling stuff. the fact is that tomorrow morning, the tax rate, the social security tax rate on every american who works is going up. the medicare tax rate on high income people is going up. the tax on medical devices tomorrow morning, is going up. forget fiscal cliff. taxes are going up almost across the board. give me a quick comment on that. >> well, you know what? this has got to be the first time ever that it's december 31st and i have no idea what i'm going to be making tomorrow in terms of take home pay. you know, if you're a businessman, how do you decide what you're going to do with your business this year, you don't know how much you're going to be paying in taxes. if you're a consumer, how do you decide what you're spending your money on in the upcoming year. the level of uncertainty, i think, is unprecedented, and the fact that it's gone on this long is-- i mean, it's insane, it's really crazy. outrageous, that's what it is. kelly jane, just stay there for a second, please, i've got to d
something has to be done. >> forget the fiscal cliff stuff and forget the debt ceiling stuff. the fact is that tomorrow morning, the tax rate, the social security tax rate on every american who works is going up. the medicare tax rate on high income people is going up. the tax on medical devices tomorrow morning, is going up. forget fiscal cliff. taxes are going up almost across the board. give me a quick comment on that. >> well, you know what? this has got to be the first time...
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Dec 31, 2012
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes and we're then going to have some tough negotiation necessary terms of how we continue to reduce the deficit, grow the economy, create -- >> but this fight comes back. now, i want to ask you specifically about entitlements, medicare and social security. are you prepared in the first year of your second term to significantly reform those two programs, to go beyond the cuts you've suggested to benefits in medicare, that your own dead commission suggested you would have to do if you were going to shore up medicare at least? are you prepared to do that in your first year of a second term? >> what i've said is i am prepared to do everything i can to make sure that medicare and social security are there not just for this generation and for future generations. >> you have to talk tough to seniors. >> i already have. one of the proposals we made is something called change cpi which basically makes an adjustment in terms of how inflation is calculated on social sec
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes and we're then going to have some tough negotiation necessary terms of how we continue to reduce the deficit, grow the economy, create -- >> but this fight comes back. now, i want to ask you specifically about entitlements, medicare and social security. are you prepared in the first year of your second term to significantly reform those two programs, to go beyond the cuts you've suggested...
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Dec 27, 2012
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to come together and get this fiscal cliff thing done. no word yet on when people get extra lattes, if there is's enough space to write "get your lazy ass off vacation and get this done." [ laughter ] >> willis likes that a lot more. i can hear it in the background. >> i wonder if there's enough room. >> no, i don't know about that. >>> okay, ladies and gents, if you're looking for love, oh, boy, you better have a good credit score. take a look at this. ♪ so hot right now that our designer sun glasses be fogging ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores are huge and that could be at the top of the list. maybe after looks and personality is credit scores. they interviewed people across the u.s., all under the age of 40, and the newspaper discovered that a low credit score is a deal-breaker when in search of love right now in the economy. so if you don't have your act together, take care of that and maybe you'll find love. >>
to come together and get this fiscal cliff thing done. no word yet on when people get extra lattes, if there is's enough space to write "get your lazy ass off vacation and get this done." [ laughter ] >> willis likes that a lot more. i can hear it in the background. >> i wonder if there's enough room. >> no, i don't know about that. >>> okay, ladies and gents, if you're looking for love, oh, boy, you better have a good credit score. take a look at this. ♪...
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92
Dec 26, 2012
12/12
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FBC
tv
eye 92
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the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can be nasdaq ntsb down 1/2%. let's take a look at zynga. this is a name we follow and zynga has been crushed this year down 75% but the day getting a pop, there has been talk about real time gaming sites over in the united kingdom. so up 3.5% today for zynga. dennis: thank you. getting the blame for much of the downturn in the dow this morning, retail sales coming in at disappointing low levels. shibani: they're cutting prices in order to make up some of the lost shopping during the week and frankly during the year. adam shapiro joining us with more. a lot of times we see the high end and hold off during the holidays versus the low end. are there any winners this year? >> sax is offering 70% off on some items. there are e-mail coup
the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can be nasdaq ntsb down 1/2%. let's take a look at zynga. this is a name we follow and zynga has been crushed this year down 75% but the...
81
81
Dec 27, 2012
12/12
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CSPAN
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cliff? caller: i've got some ideas i would like to say. the first thing we would do is eliminate all the people that do the free housing and food stamps and by about all those office expenses and just go with an earned income credits that would not exceed 15 cows and dollars per year. -- $15,000.ould that affec it would help reduce the need for taxes, so they would have more money for others things, rather than paying taxes. if the current welfare system pays people as much as $45,000 a year to add up all the benefits, the free medical, with medical,to doctors or hospitals would cause normally $1,500 a month, but an insurance company for a family, and they get about $800 a month for free housing and another $700 a month or $800 a month for food. so they don't have an incentive to get a job that pays an average worker $33,000 a year, because they are getting more off the free stuff. another thing that i would do would change the education system to where in your senior year and you decide whe
cliff? caller: i've got some ideas i would like to say. the first thing we would do is eliminate all the people that do the free housing and food stamps and by about all those office expenses and just go with an earned income credits that would not exceed 15 cows and dollars per year. -- $15,000.ould that affec it would help reduce the need for taxes, so they would have more money for others things, rather than paying taxes. if the current welfare system pays people as much as $45,000 a year to...